News Bits | 7 May 2013

IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)

l  Sector Update: Property Developers & M-REITs, Technology

l  Quick Bites: DAYANG

l  On Our Radar: DAIBOCI

l  On Our Technical Watch: SKPETRO, SPSETIA

 

NEWS HIGHLIGHTS

l  Sabah Ports to invest RM229.0m

l  TH Heavy to raise RM41.8m via private placement

l  EA Holdings to acquire 25.0% in Plant Offshore

l  Batu Kawan plans Islamic debt programme

l  Destini unit gets RM3.0m job award

l  Global Carriers shares to be suspended

FOREIGN NEWS HIGHLIGHTS

l  BMC to go private in USD6.9b deal led by Bain, Golden Gate

l  Vornado Had USD98.8m of Quarterly J.C. Penney Losses

 

ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)

Asia

l  Indonesian Growth At Slowest Pace In Two Years

l  China Services Sector Grows At Slowest Pace In Nearly 2 Years

USA

l  Fed Loan Officer Survey Says Business Loans Lead Credit Thaw

Europe

l  Draghi Says ECB Ready To Cut Interest Rates Again If Needed

l  Eurozone Retail Sales Fall For Second Consecutive Month

l  Euro Zone Business Downturn Points To Deeper Recession

l  Greece: IMF Hails Economic 'Progress' But Warns On Tax Evasion

Currencies

l  Ringgit Closes At 10-Month High

l  Dollar Gains Vs. Yen; Euro Falls Below $1.31

Commodities

l  Brent Touches One Month High Above $105 As Israel Strikes Syria

l  Gold Eases In Low Volume, ETF Outflows In Focus